Junior
Situated in western Turkey, Tavsan was first explored by
According to Odyssey, recent surface exploration suggests that mineralization in all five targets is associated with a steeply dipping shear zone. The company points to results from grab samples taken between the areas and to an old, 140-metre-long trench that was dug obliquely across the Main zone and averaged 1 gram over its entire length.
About 2 km of trenching are planned, following which drilling will begin.
Odyssey can earn a 100% interest in the property by issuing 75,000 shares and 125,000 warrants (exercisable at 35 apiece) to Teck Cominco. The junior also must spend US$1.4 million on exploration, after which Teck Cominco can back-in for a 51% stake by spending spending US$2.8 million over the following four years.
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